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More than 99% of XRP holders are profitable.
The latest on-chain data from the on-chain analysis platform Glassnode shows that 99.6% of the circulating supply of XRP is currently in profit, meaning that hardly anyone wants to sell at a loss. This figure indicates a significant bullish trend for XRP in recent weeks, reaching as high as $3.64. The sentiment of XRP investors has also reached a peak of excitement; the profit supply ratio is currently at its highest level in 18 months. This sudden bullish surge occurs when both open futures contracts and 24-hour trading volume are rising rapidly at the same time, indicating that not only new retail investors are buying in, with the profit supply rate at its highest level since 2018 when this asset reached its all-time high of $3.84.
Bitcoin Lags Behind XRP Bitcoin has increased nearly 70% to over $117,000, and its profit rate reached nearly 97%, just slightly lower than XRP. Historically, Bitcoin has provided very high returns for holders, but XRP's recent bullish move has now temporarily surpassed Bitcoin in terms of net returns for holders.
As the adoption of Bitcoin increases and the holding period extends, profits are distributed more evenly across price levels. The strong bullish trend of XRP has allowed a large number of its holders to realize gains in an extremely short time. What Does This Mean for the Market Such exceptional profit levels often signal turning points. While they reflect a bullish sentiment, they may also suggest profit-taking pressure in the short term. However, with the increasing interest in futures contracts and stable trading volumes, the growth momentum may continue - especially if the upcoming CLARITY Act provides regulatory clarity. $XRP {spot}(XRPUSDT)